QQQ3.L vs. EQQD.L

Last updated Jul 16, 2026

QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and EQQD.L (Invesco Nasdaq-100 Swap UCITS ETF Dist) are both Nasdaq-100 funds - QQQ3.L tracks the NASDAQ-100 Index (300%) while EQQD.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, QQQ3.L returned 18.45%/yr vs 15.52%/yr for EQQD.L. With a 0.99 correlation, they move nearly in lockstep. QQQ3.L charges 0.75%/yr vs 0.20%/yr for EQQD.L.

Performance

QQQ3.L vs. EQQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ3.L achieves a 36.00% return, which is significantly higher than EQQD.L's 16.04% return.

QQQ3.L

• 1D: -2.11%
• 1M: -12.36%
• 6M: 37.20%
• YTD: 36.00%
• 1Y: 67.92%
• 3Y*: 47.44%
• 5Y*: 18.45%
• 10Y*: 42.93%

EQQD.L

• 1D: -0.82%
• 1M: -3.53%
• 6M: 16.06%
• YTD: 16.04%
• 1Y: 28.56%
• 3Y*: 24.04%
• 5Y*: 15.52%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ3.L vs. EQQD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	36.00%	27.63%	59.91%	209.50%	-79.58%	54.07%
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	16.04%	19.91%	26.74%	56.64%	-33.32%	16.32%

Correlation

The correlation between QQQ3.L and EQQD.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021	0.99

The correlation between QQQ3.L and EQQD.L has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

QQQ3.L vs. EQQD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ3.L

QQQ3.L Risk / Return Rank: 45
QQQ3.L Sharpe Ratio Rank: 46
QQQ3.L Sortino Ratio Rank: 47
QQQ3.L Omega Ratio Rank: 43
QQQ3.L Calmar Ratio Rank: 45
QQQ3.L Martin Ratio Rank: 42

EQQD.L

EQQD.L Risk / Return Rank: 61
EQQD.L Sharpe Ratio Rank: 60
EQQD.L Sortino Ratio Rank: 62
EQQD.L Omega Ratio Rank: 58
EQQD.L Calmar Ratio Rank: 63
EQQD.L Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ3.L vs. EQQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQ3.L	EQQD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.64	-0.32
Sortino ratio: Return per unit of downside risk	1.93	2.34	-0.41
Omega ratio: Gain probability vs. loss probability	1.23	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.88	2.54	-0.66
Martin ratio: Return relative to average drawdown	5.54	8.69	-3.15

QQQ3.L vs. EQQD.L - Sharpe Ratio Comparison

The current QQQ3.L Sharpe Ratio is 1.31, which is comparable to the EQQD.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QQQ3.L and EQQD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQ3.L vs. EQQD.L - Drawdown Comparison

The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than EQQD.L's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and EQQD.L.

Drawdown Indicators

	QQQ3.L	EQQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.35%	-34.95%	-46.40%
Max Drawdown (1Y) Largest decline over 1 year	-35.92%	-11.18%	-24.74%
Max Drawdown (3Y) Largest decline over 3 years	-58.20%	-22.84%	-35.36%
Max Drawdown (5Y) Largest decline over 5 years	-81.35%	-34.95%	-46.40%
Max Drawdown (10Y) Largest decline over 10 years	-81.35%	—	—
Current Drawdown Current decline from peak	-15.02%	-3.82%	-11.20%
Average Drawdown Average peak-to-trough decline	-19.03%	-8.95%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.23%	3.28%	+8.95%

Volatility

QQQ3.L vs. EQQD.L - Volatility Comparison

WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 18.22% compared to Invesco Nasdaq-100 Swap UCITS ETF Dist (EQQD.L) at 6.19%. This indicates that QQQ3.L's price experiences larger fluctuations and is considered to be riskier than EQQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ3.L	EQQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.22%	6.19%	+12.03%
Volatility (6M) Calculated over the trailing 6-month period	40.95%	13.91%	+27.04%
Volatility (1Y) Calculated over the trailing 1-year period	51.61%	17.40%	+34.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.99%	20.98%	+42.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.22%	20.86%	+39.36%

QQQ3.L vs. EQQD.L - Expense Ratio Comparison

QQQ3.L has a 0.75% expense ratio, which is higher than EQQD.L's 0.20% expense ratio.

Dividends

QQQ3.L vs. EQQD.L - Dividend Comparison

QQQ3.L has not paid dividends to shareholders, while EQQD.L's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022	2021
EQQD.L Invesco Nasdaq-100 Swap UCITS ETF Dist	0.59%	0.64%	0.75%	0.75%	0.95%	0.31%
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQ3.L and EQQD.L in my portfolio?

With a correlation of 0.99, QQQ3.L and EQQD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQQ3.L or EQQD.L?

On fees, EQQD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ3.L or EQQD.L?

EQQD.L is cheaper with a 0.20% expense ratio, compared with 0.75% for QQQ3.L.

What is the main difference between QQQ3.L and EQQD.L?

QQQ3.L tracks NASDAQ-100 Index (300%), while EQQD.L tracks Russell 1000 Growth TR USD. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.75% for QQQ3.L and 0.20% for EQQD.L.